Another week's progress shows signs of recovery, but it may be false hope:
The remark about "false hope" pertains to GOIP Global, which has apparently done a reverse-split today and changed ticker symbols. That's almost never a good thing. I've cashed otu and taken profit, but when it starts trading again, the leftovers will probably be meager. Since it's presently (over)valued at $750, that will wipe out the value of my current holdings, and erase the profits I've made year to date.
On the bright side, Petel has bounced back from death's door - just last week, I was considering dumping the remainder. Ironically, this is another company on which I've already taken profits. Maybe the lesson learned is to cash out completely?
Friday, April 11, 2008
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment